SMIfunding - First N Ever Personal Financing

Interest rates

Based on your loan amount & loan period, the interest rates are as low as the following

You borrow Loan period Your Annual Income Interest rate

RM5,000 - RM300,000 6 to 36 months min. RM48,000 12%p.a.-18% p.a,

Repayment period is minimum 6 months and maximum 36 months (depending on the financing tier selected)

Fees & Charges

Interest Rate / APR

As low as 12% p.a.*
*Subject to terms and conditions

Processing Fee

As per Loan Agreement

Stamp Duty

0.5% of the whole amount

Early Termination Fee

Not applicable

Late Penalty Fee

8% from current outstanding amount

Requirements

Minimum Annual Income

RM60,000

Minimum Age

21 to 60 years old

Who can apply

Malaysians
Only open to individuals who either live or work in the Klang Valley or Johor area
Salaried employee
Self-employed
Not declared bankrupt

More Information

What is First N Ever Personal Financing?

First N Ever offers unsecured personal financing whereby you do not have to provide collateral to make an application. First N Ever is a licensed money lender and credit community registered with KPKT with over 20 years of experience in providing financial assistance to Malaysians.

How much can I borrow from First N Ever?

Depending on your financial needs, you can borrow a minimum of RM5,000 up to a maximum of RM300,000. Please note that the final financing amount will be decided by First N Ever after you have submitted your application.

The financing tenure, on the other hand, is between 6 months and 36 months (3 years), and the interest rate is from 12% to 18% per annum, without collateral.

What are the fees or charges?

Before you apply for First N Ever Personal Financing, note that there are two types of fees that you will need to pay which are the Stamp Duty Fee of 0.5% of the whole financing amount, and the Processing Fee as per your loan agreement with First N Ever.

We also would like to highlight that First N Ever does not require you to pay any advance instalment fee or security deposit before your financing application. So rest assured!

Please check out the Product Disclosure Sheet to find more details about this personal financing.

What happens if I fail to repay my monthly instalments?

If you fail to pay your monthly instalment as agreed, you can be slapped with a late penalty fee of 8% per annum on the outstanding amount.

It may not seem much but if the late penalty fee is compounded (if you’re deliberately not paying up, of course), it will be difficult for you to settle your outstanding balances thereafter or legal action may be taken against you.

Make sure you perform your monthly obligations promptly!

How fast can I get my approved financing?

Once your First N Ever Personal Financing application is approved, you can potentially get the approved loan amount within three (3) to five (5) working days.

However, please note that this is subject to your eligibility criteria and First N Ever’s underwriting requirements.

Am I eligible to apply for First N Ever Personal Financing?

Any working or self-employed Malaysians aged 21 years up to 60 years who are not declared bankrupt are eligible to apply for this personal financing. You must also earn a minimum annual income of RM48,000 or RM4,000 a month to qualify for an application.

However, only individuals who live or work in the Klang Valley or Johor are eligible to apply. It doesn’t matter if you're from another state — as long as you’re now living or working in either of these areas, you’re eligible.

What are the required documents to make an application?

Please prepare the following documents to apply for First N Ever Personal Financing.

Copy of your IC (front and back)
Latest 3 months' salary slips
Latest 3 months' bank statements from your salary crediting account
Latest EPF or BE Form
Original utility bill receipts such as electricity, water bills, etc.